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The latest update is out from 29metals Ltd. ( (AU:29M) ).
29Metals Limited has announced promising results from its drilling activities at the Golden Grove site, revealing high-grade copper intercepts that suggest potential extensions to the mine’s life. The results, which are not yet included in the company’s updated mineral resources and ore reserves estimates, highlight the potential for growth and increased flexibility in the mine’s operations, particularly through leveraging existing infrastructure. The drilling program, which has seen a significant increase in planned expenditures for 2025, underscores the company’s commitment to enhancing its resource base and securing future growth options.
The most recent analyst rating on (AU:29M) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.
More about 29metals Ltd.
29Metals Limited operates in the mining industry, focusing on the exploration and extraction of copper and other minerals. The company is engaged in resource extension and conversion drilling to expand its mineral resource estimates, particularly at its Golden Grove site.
Average Trading Volume: 3,862,575
Technical Sentiment Signal: Buy
Current Market Cap: A$555.4M
See more insights into 29M stock on TipRanks’ Stock Analysis page.